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PingPong Turns Regulatory Compliance Into Competitive Edge With Form3 Partnership

Fintech Finance

PingPong , the world-leading provider of embedded cross-border payment solutions for enterprises, today announces it will be using Form3 ‘s Verification of Payee (VoP) solution for SEPA account validation, giving PingPong a competitive edge by implementing compliance measures five months ahead of the October go-live date.

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SurePay Becomes First Vendor Live With Verification of Payee in Belgium

The Fintech Times

This provides enhanced protection for cross-border payments within the EU, including for customers of these banks with accounts in other European countries. Once batch payment verification is added, this figure is expected to double. .” SurePay now processes 200 million VOP checks per month.

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SurePay Accelerates European VOP Rollout: Belgium Becomes First Eurozone Country Live With Verification of Payee

Fintech Finance

This provides enhanced protection for cross-border payments within the EU—including for customers of these banks with accounts in other European countries. The result: 30% more effective fraud prevention, higher customer satisfaction, reduced liability for banks, and a safer payment experience for consumers.

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ESG-Linked Payments in Transaction Banking

Finextra

Banks and Fintechs now add sustainability scores to every payment. Real-time tools measure a transaction’s carbon footprint so payers can offset emissions or earn “green points” at checkout. Dynamic ESG Pricing: Payment engines can adjust fees and FX spreads in real time based on a corporate’s live ESG score.

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CBI’s Leadership in Open Finance: Expanding Value-Added Services Through Collaboration

The Fintech Times

This service is compliant to new requirements and legislations, more particularly, the Instant Payment Regulation, which defines that Instant credit transfers need to be accompanied by a ‘Verification of Payee’ service. It is offered by the payers PSPs to their users, both for domestic and cross-border payments in euro.

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SMBs Seek New Avenues To Cross-Border Payments

PYMNTS

This also adds friction for payers, he explained, which not only have to input that bank account number when initiating a transaction, but also include a reference number and name of the payee business, making extra work for the client.

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International Payments Group Champions Faster Cross-Border Payments

PYMNTS

Individual jurisdictions around the globe are pressing for both faster and more efficient cross-border payments. China’s central bank, for instance, took steps last month to boost the efficiency of cross-border transactions involving Chinese parties by lengthening its clearing window time span. In the U.S.,